Society & Politics

Do you understand Biden's new tax plan?

Another lie. Biden said he would only raise taxes on people making $200,000. Well his 40% capital gain tax includes all assets and you must pay any gain whether you sell it or not. So, if a person had a painting and Gov't declared it worth $100,000 , that person would have to pay $40,000. That would not include what they pay in income taxes. How many people could afford to pay over $100,000 in taxes when they only make $40,000? They said all of us would have nothing and be glad. Biden's tax plan would make 60% of the American people bankrupt in one year.

What will all this money be used for? To make men women and women men. Ukraine war and paying Ukrainians social security , jobs, and rebuilding their country. Lot of this money will go to the false lie called global warming.

Do you understand Bidens new tax plan?

Only home you will be able to afford is a box under a bridge.

Could you afford 40% tax on every asset you own? Yes
Could you afford 40% tax on every asset you own? NO
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Updates
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Our only hope is the Republicans with nuts the size of peas stop it. I think they will vote it down but you never know with so many Rinos in the party. Also , most of them want to help Ukraine and if passing this outrage is the only way to keep using Ukraine to get at Russia they might pass it.
Updates
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So if you rent houses and the house goes up $10,000 in value , that would $4.000 more in taxes plus rent you receive would be taxed. With my art , metals , and other items , I would not be able to pay gains those items could make in one year. So, I would have to sell items and others would too to just pay the taxes. Wait until he taxes inheritances 50% on anything over $25,000.00. It is taxing and then taxing again. All to pay for his $7 trillion budget for Ukraine not America.
Do you understand Biden's new tax plan?
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